Two diverse opinions have emerged from textile companies in Pakistan, Bangladesh and India as to whether profits margins of the textile industry have been hit in the last few months. While on one hand two major textile producers in ...
The Government of Pakistan would apply for Least Developed Country (LDC) status, which it would get by 2014, Minister of Textile Industry Makhdoom Shahabuddin has told the National Assembly. In response to a question, the Minister said ...
Tags: Pakistan, LDC status, Textile Industry
Cambodian garment industry is attracting huge foreign investments due to tax incentives and duty free access to world’s major markets like the US and the UK. In a conversation with fibre2fashion, the business development manager of ...
Tags: garment sector, garment industry, Garment Manufacturers
India’s Gem & Jewellery (G&J) sector witnessed another volatile year with weaker rupee and sluggish global economy adding more agony to its exports which declined by 17.09% in dollar terms and 4.65 per cent in rupee terms in 2012. ...
Ukraine has agreed a protocol on duty-free supplies of steel pipes to Russia amounting to 120,000 mt in the first half of 2013, as reported by Interfax-Ukraine. The protocol amends the agreement on the regulation of supplies of some types ...
Tags: Ukraine, Duty-Free Supplies, Steel Pipes
Gildan Activewear Inc., Montreal, has finalized the acquisition of CanAm Yarns LLC — its 50-percent-owned yarn-spinning joint venture with Frontier Spinning Mills Inc., Sanford, N.C. — and is investing approximately $85 million ...
Tags: Gildan Activewear, acquisition, CanAm Yarns
Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA) has urged the Pakistan Government to expedite implementation of 27 international conventions necessary to apply for the Generalized System of Preferences (GSP) ...
The African Growth and Opportunity Act (AGOA), which enables countries in Africa to export over 4000 products, including hundreds of apparel products, quota-free and duty-free to the US, has been benefitting the Chinese textile and apparel ...
Garments Exporters Association (GEA) has requested the Government to provide adequate fiscal relief for the garment sector of the textile industry to enable it to face increasing international competition. GEA has pointed out that garment ...
The duty-free quota for softwood plywood imports into the EU has been depleted at about the same rate as last year so far in 2013, the European Commission’s DG Taxation and Customs Union has announced. Some 134,417 m3 or 21% of the ...
Chocolate maker Lindt & Sprüngli has reported a 7% rise in net sales for 2012 and estimated that profit margins widened during the year. For the 12 months to the end of December, Lindt reported sales of CHF2.67bn (US$2.8bn), ...
Tags: Chocolate maker, Lindt, profit
Montreal-based branded basic apparel manufacturer Gildan Activewear Inc. has finalized the acquisition of CanAm Yarns LLC (CanAm) — its 50-percent-owned yarn-spinning joint venture (JV) with Frontier Spinning Mills Inc., Sanford, N.C. ...
The US Congress is likely to consider the provisions of the proposed Save Our Industries Act (SAVE Act) bill this week, Philippines Department of Trade and Industry has said. Under an arrangement known as 809 program, the said bill ...
Tags: US Congress, SAVE Act, this week, bill
Tauseef Enterprises pvt ltd, a leading manufacturer and exporter of knitted garments, is expanding its business in Pakistan in view of the latest trade benefits announced by the EU to Pakistani textile exports. In a conversation with ...
Tags: EU, Textile Firm, Pakistan, Textile
Wider access earned to the 27-nation European Union (EU) bloc under the Autonomous Trade Preference (ATP) Scheme can help Pakistani textile exporters boost their exports to that market. Briefing media, Faisalabad Chamber of Commerce and ...
Tags: ATP, EU, textile exporters, FCCI, Briefing media